Chile’s trade balance shifted to a USD 1,208 million surplus in October 2020 from a USD 286 million deficit in the same month of the previous year. Exports jumped 12.9 percent over a year earlier to USD 5,983 million driven by higher sales of mining products (24.5 percent), in particular copper (24.1 percent); and agricultural, forestry & fishing goods (31.7 percent). In contrast, sales of manufactured products fell 4.3 percent. Imports dropped 14.5 percent to USD 4,775 million, mostly due to lower purchases of consumption goods (-9.6 percent), namely durable (-13.9 percent) and semi-durable (-20.3 percent); capital goods (-15.6 percent); and intermediate (-14.7 percent). source: Banco Central de Chile
Balance of Trade in Chile averaged 491.15 USD Million from 1991 until 2020, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Balance of Trade in Chile is expected to be 800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 700.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 700.00 USD Million in 2021 and 500.00 USD Million in 2022, according to our econometric models.